Member Info for JET47

Well I've had a lovely afternoon. I've spent most of it on WhatsApp with family and friends, I've seen my daughter {at the appropriate distance} and I'm now going to have spag bol and an ickle drinkie, with a side order of Trump trial and Newcrest dessert.

I'm not worried about the current level of the share price. Shaun's way of speaking is measured and understated but the number of times he said 'excited', 'world-class', and 'multi-asset, multi-billion dollar company' was noticeable. And one phrase stood out for me; 'elephant country,' said in the same sentence as Rio Tinto.

Sitting on hands.
ATB:))

In fact it was DGR1980 at 8.58 am in the London South East Interview with Shaun Day, new CEO thread. LOL.

No, silly Floater, someone posted this morning that they were at work all day and asked for a transcript.

That's your lot. Finito!!

Thanks VS.

Nap, he said 'Gervay, several times!!!

So, because I was doing that, I haven't actually listened to the interview, so I'm off to read it now.
ATB:))

6th Section.
D: Mr K asks: Do you have any plans to take GGP onto the FTSE 350 Index, main London Market, other Markets?
S: Look, I think the focus for us remains very much on the Havieron and that Paterson region so we are very much focussed on our operation side. That said, we are Index aware, we’d welcome being in the FTSE 350 and I think the best way for us to achieve that is to focus and deliver value at the operational level so that will continue to be a focus for us and I think being able to articulate those operational successes to the market, which I think Gervay did an extremely good job of and you can see that was the catalyst to driving that share price and the shareholder value, and I think what’s exciting for shareholders as we come into 2021 is the fact that there are number of catalysts for value within the portfolio this year as we hit those operational milestones; 65,000 metres of drilling just in the first six months of this year – the opportunity for us to add value over the next 6 to 12 months is tremendous and I think if we can do that, I think the share price has every opportunity to continue to grow.
D: Good question to end on and this really is the end question. One asked by many, many investors. Where do you see GG in 12 months’ time, 2 years’ time and 5 years’ time? That’s my last question.
S: Thanks, Don. Look, I think in 12 months’ time you going to have seen the output of this drilling, you’re going to see the decline moving down into the ore body, so you’re going to see the actual economic extraction of ore starting to kind of appear very real for the Company so I think that over the next 12 months you’ll that real operational focus as the box cut’s put in and the decline and of course the announcement of the pre-feasibility study. In 2 years’ time you’ll see us getting right up to that ore body and starting to talk about entering commercial production, which we expect to be done within 3 years of starting that work on the decline. Within 5 years, I’d like to think that we’re going to be a multi-asset, multi-billion dollar company and that really is my background. It’s joining develop companies and actually growing them into multi-asset organisations and I think the platform that we have at GG gives us every opportunity to do that over the next 3 to 5 years.
D: Shaun Day, thank you so much for joining us today and answering those investor questions which I have to say you’ve done most ably. You’ll have set a few hares {hairs??- must mean hares} running. I’m very interested with some of those answers. I’m sure the audience are as well. Thank you so much for taking the time. We couldn’t be more appreciative. If you’re a GGP investor, try the LSE bulletin board. It’s the No 1 in the UK and GG one of the busiest on that board – 350 posts every single day. Blah, Blah, Blah.

5th section.
D: Ahead of this interview, we asked the LSE GGP investors what questions they would like to ask. We run the biggest bulletin board in the UK. You run an investment phenomenon. We thought it was a very good idea. In 24 hours we had 110 questions and quite literally we had to take down the survey question monkey thing down off the site otherwise you were going to break our website. Too much interest which gave us lots of interesting questions. Many long-term shareholders wished you well in your role including WB, who said welcome. His question: Why were Scallywag and Rudall not included in the Juri joint venture.
S: Look, it’s a good question and good to explain it to shareholders. As I kind of implied in my last response, we were very keen to strategically keep some 100% ground in that Paterson region. Our team’s excited for it. It’s yielded Telfer. It’s yielded Havieron and even Rio Tinto has interest up in the north of the package so, look, it’s elephant country. We’ve kept a couple of tenements there which we are excited about and we’re working up projects around there and particularly the Scallywag project, when we were entering that joint venture with Newcrest we were actually already drilling some of those tenements so it probably made sense for us to keep that internal and as I said, you know, I think we really have a three-prong strategy into the Paterson in 2021 which is develop Havieron, the Juri joint venture but we are equally excited about those 100% owned tenements.
D: That’s a very interesting answer. Oh, you’re a poker player, Shaun, I can see this.
Shaun grins.
D: ST: Hi, Shaun. You have left a large-cap successful company which I assume comes with a generous compensation package to run a junior explorer with no revenue. Do you see this as a risky move, both financially and in your career?
S: Look, I think it’s the opposite. Yeah, I’m tremendously excited to be joining GG. It’s a world-class asset and the opportunity to manage and develop world-class assets is rare in anyone’s career, so for me this is a brilliant opportunity and coupled with the fact that we’re doing it alongside a joint venture partner in Newcrest, shareholders should have a lot of confidence that we have the right team in place both here at GG and with Newcrest to develop this asset to a very high standard and create value for shareholders. So, really for me, I’m incredibly excited, it’s a bit like unwrapping a present on Xmas to be out there at Havieron and building that {something? Sounds like ‘outs’} profile which is just good fun to be operating.

4th section.
D: Beyond H, extraordinary project, what else are you excited about at GG?
S: You are absolutely right. Havieron is a world-class project so naturally it draws a lot of the attention but, look, we have a much broader footprint up in that Paterson region which we are excited about. I mentioned before that Newcrest just recently entered the Juri joint venture with us. That’s testament to the quality of those tenements, the fact that again Newcrest wants to earn into those and pay for the exploration on those sites so they can be part owners with us. In addition, we have held back some tenements to be 100% owned by us in that Paterson region and we’re excited about some of the drill targets that we have there in Scallywag and Rudall (S sd Judall). Within the broader portfolio we also have a lot of base metal and gold exploration, and we continue to progress that, so I think that our shareholders should have confidence that in 2021 there’ll be a huge amount of activity and continuing to walk-forward Havieron but in addition to that there’s a significant drilling campaign across the portfolio to continue to generate ounces and value for our shareholders.

3rd section.
D: Covid.
S: The safety of our employees, contractors, all our stakeholders is of primary importance to us, so that’s always our focus. We are tremendously fortunate to be based in Australia, and particularly Western Australia where there has been very little community transmission of the Covid virus. That’s further helped, even within the context of Western Australia, the Havieron Project is in a reasonably remote location. So I think for that we are very fortunate but then we overlay that working with Newcrest to have Tier 1 policies and procedures around managing risk and mitigating risk around our site in respect of Covid and other risks and with that what we have been able to do is continue to prosecute those drilling campaigns and the early works right through the Covid period. And look, I’m based here in Perth together with the rest of the GG Havieron project team so what’s been really beneficial for all of us is even when there’s travel restrictions in place we can still get up and get boots on the ground which is really useful.
D: Future funding of the project? What will Newcrest contribute? What will you be expected to contribute? Do you expect to fund your element with debt?
S: Look, one of the great things about the project and the attraction of the project is that Newcrest wants to advance it just as rapidly as we do. So, with that, we have actually agreed with them to accelerate some of these early works that I spoke to before and get that decline under way ahead of time with the box cut, and what we have agreed to do is actually do that based on our percentage or where the costs of that based on our percentage ownership of the joint venture. What we have done to complement that is that we actually have a loan agreement from Newcrest into GG so that effectively means we are fully funded. It means we are not going to be constrained for funding as we push ahead with the project, the drilling, the early works, you know, punch that decline down into the ore body and really we are very confident that we have that funding in place with Newcrest to take us right up to conclusion of the pre-feasibility study which is December quarter this 2021 year.
D: So it sounds as though you have an extremely amenable partner in Newcrest?
S: Look, we both value the relationship. It’s been a relationship that again Gervay but the full team, Calum and the others, it has built up over the course of the past couple of years and really I think it is one of mutual respect. We like to think that we’ve been able to contribute and understand what they’ve done but also Newcrest, look, they’re a world-class partner and again, as again as I mentioned before, I think that de-risks the project for GG and for shareholders, both in terms of understanding risk, managing those risks, the cost, but of course being able to peer back off that Telfer infrastructure is a tremendous event.

D: Okay, so what are the plans going forward? You have Havieron. You mentioned Juri. Do you see the overall project really still at the beginning of a very long process?
S: Look, there’s been a huge or tremendous amount of progress at Havieron over the last twelve months and there’s this very significant milestone which our shareholders should be aware of. Actually we’re just doing the early works now at the Havieron site but we’re about to commence the box cut and that will lead straight into building the decline down into the ore body. With Newcrest as that major partner working with us they actually have a drilling campaign planned for 65,000 metres in the next six months so that’s an incredibly aggressive programme and I think reflects the confidence that Newcrest and ourselves have in the project and how we both want to work to advance this as aggressively as we can. We expect to develop and complement that programme with pre-feasibility study by the end of the calendar year in the December quarter and I think that’s another really important milestone for our shareholders. Overall, any process of development has to be considered and measured but what’s bringing about having Newcrest as our partner is they have the Telfer mine about 40 Kms west of Havieron so for them it’s effectively a brown field development. That means we can piggyback on the infrastructure and processing plant already there at Telfer which significantly decreases the risk of the project and allows us to expedite the timeframe, and for that reason we think that within three years of starting that decline we can be in commercial production, which is, you know, a brilliant opportunity and turnaround time for a project of this scale.

{Loads more to come. I'll let you know when it's finished.}

Shaun talks too much. I’ve done a third of the interview, verbatim. Now, I’m off to my birthday breakfast. {What did you do on your birthday, JET? Took the rubbish out, cleaned two dead mice out of the traps in the shed, glared at the lazy cat, transcribed a third of a VERY long interview. Ha ha.}
To 5.31 of 17.32. I will put the rest up during the day.
Donald L:
SD:
D: Let me first congratulate you from your many long-time shareholders who are absolutely delighted to have you on board.
S: Thanks, I’m really pleased to be joining the team here. It’s an exciting platform and a world class asset so I couldn’t be happier to be joining Greatland Gold.
D: GG is an investing phenomenon over here in the UK. Is it daunting to be taking over the running and future direction of such a high profile and successful aim explorer?
S: Look, Gervay and the team, the whole Greatland Gold team, have done a tremendous job and the share price really reflects that. I think from my background which has been working with multi-mine, multi-billion mining operations, I am really excited to join the platform at this stage. If you look at my recent role with Northern Star, we took that to be Australia’s second largest gold miner, delivered over ten times to shareholders. Together with my Capital Markets’ experience, particularly M&A, I hope those two confluence (complements?) of skills, the mining background together with the investment banking really lets me contribute to the team here to take Greatland Gold onto the next step and continue to create value for shareholders.
D: Why now Shaun? Why is this the right time for the Havieron project to be transitioning to someone with your commercial and mine building experience, as you have just outlined?
S: Look, the decision for me to join GG was multi-factorial. Firstly, look, Havieron is a world class asset, probably one of the most exciting gold development projects in Australia, if not globally, so, look, coming in at this stage particularly with Newcrest at your partner, a Tier 1 partner, so we can work together, I’ve known Newcrest for a long time and I’m coming in at a time when we are just starting the early works, about to do the box cut and then into the decline so we’re about to develop the project which is a great time to be joining. But also GG is more than just Havieron. We also have within that Paterson basin the Juri joint venture which Newcrest just recently entered with us, which again is testament to the quality of those tenements and we’ve also kept some 100% ground around the Paterson area which we are excited about. That, together with some of the other assets in our portfolio, I think there’s a really exciting opportunity for the Company and in 2021 we have a lot of drilling campaigns, you know, to complement the development at Havieron.

Jai, https://edge.media-server.com/mmc/p/tjtnz7az Newcrest link.

Newcrest Half Year Results, Thursday, 11th Feb, 9.30 am AEDT. AEDT is 11 hours ahead of UK time, so 10.30 pm Wednesday 10th Feb.
:)

Tom, I absolutely agree and I said the same this morning. All these threads that ramble on about non-GGP shares, etc during trading hours, when we should be allowed to concentrate on GGP. On that basis, I was thinking about SD starting. I think some people are expecting loud fireworks from the start of his tenure but none of the CEOs I've ever worked with have behaved like that. They've all come in very quietly, listened and observed their team, and absorbed business matters quickly. I'm confident that's what SD will be doing. He's so experienced, I'm looking forward to how he progresses GGP.

Must dash,
Stay safe,
:))

Because I'm usually lucky and it's my birthday tomorrow, so something nice will happen to GGP tomorrow.
'See' you all later.
ATB:))

You might be deleted, TomE, like poor old Mr B's post. :))

It's such a large and complex site, I'd love to see an underground terrain 3D holograph pinpointing all the drill holes, different types of geology and minerals found.

JDT, Fair enough, I clicked the link and Schiff's tweet is anti Bitcoin, pro gold, I'll give you that, but your lead story will be buried here under tons of Bitcoin/Tesla comments.
ATB.

In small doses I don't have a problem with it but bitcoin threads tend to take over this board and detract from GGP as the posts don't even give a mention to GGP at their end.

Yet another thread about bitcoin on here? Isn't there a bitcoin board somewhere else for posting on?

I'm hoping to see a blue day today. Sitting on hands.

Sorry Zoros, I've just seen your post. Yes, undoubtedly money will be spirited away by the middlemen who don't need it. I was a manager for an old established charity until I saw their accounts and realised that 95% of all donations went to the 'expenses' of running the charity. The largest proportion by far was the salaries of Higher Management. I resigned. There are always sharks in the pool and always ways to syphon funds away from where they should be. ATB:)

Uptheladder, Not gritted? That will be the councils saving money then!

Rottnest, No, not a lot happens in Southend in a lockdown. We all follow the rules. I mean, I haven't been out since that rave I went to at Saxon Hall. It was fun. We were raided by the police and everything. LOL :))